Russia Allows Crypto Derivatives for Qualified Investors

Russia’s central bank has opened the door to crypto derivatives, specifically non-deliverable instruments, for qualified investors. These instruments provide payouts based on cryptocurrency price changes but do not involve actual ownership of the digital assets. Financial institutions in Russia can now issue these derivative products, digital financial assets (DFAs), and other securities tied to cryptocurrencies. However, access is restricted to specific investors meeting stringent criteria under Russian law, excluding general investors from participation.